Nigeria’s 18.2% Foreign Imports Decline Boosts Trade Surplus To N7.55trn In Q1 | Collector

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Nigeria’s 18.2% Foreign Imports Decline Boosts Trade Surplus To N7.55trn In Q1

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Nigeria’s 18.2% Foreign Imports Decline Boosts Trade Surplus To N7.55trn In Q1

Nigeria recorded a merchandise trade surplus of N7.55 trillion in the first quarter of 2026, representing a sharp 340.88 per cent increase from the preceding quarter, driven largely by lower petroleum product imports and stronger crude oil export earnings. Data released by the National Bureau of Statistics (NBS) on Monday showed that total trade stood […]

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